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Business 101: How to Manage Cash Flow for your Company

When you’re busy doing the countless number of tasks associated with launching a new business, it’s easy to overlook cash flow. Unfortunately, this is an all-too-common mistake made by entrepreneurs. After obtaining the necessary capital to get their business up and running, they neglect to monitor and nurture their flow of cash. Over time, this…

How to Raise Capital for Your Business or Project

Insufficient capital is one of the most common reasons why startups and new small businesses fail. Regardless of your industry or niche, you are going to need capital to stay afloat in today’s competitive marketplace. So, how can entrepreneurs such as yourself raise capital for your business idea or project? Banks Banks and other financial institutions…

Tips for Startup Business Success in 2016

Statistics show that roughly half of all startup businesses will fail within their first five years of operation. The success rate becomes even lower past the five-year mark. But numbers such as this shouldn’t discourage you from pursuing your passion. With confidence, persistence and dedication, you can increase your chances of startup business success. Create…

IMF Cuts Forecast for Global Economic Growth to 3.2%

The International Monetary Fund (IMF) has cut its forecast for the world’s economic growth during 2016 to 3.2%. The IMF had previously made a forecast of 3.4% for the the world’s economic growth during 2016. In the wake of China’s weakened economic and commodity prices being devalued, however, the IMF decided to downgrade its growth…

Washington, DC Hispanic Chamber of Commerce Business Expo – Believe in Heroes

The Intrepid Executive Group participated and exhibited in the Seventh Annual Washington, DC Hispanic Chamber of Commerce Business Expo on March 15, 2016. The Expo displayed hundreds of Sponsors and Vendors and is attended each year by thousands of entrepreneurs as well as many Washington, DC, Maryland, Virginia and local dignitaries. Intrepid was approached by…

101 Questions to Ask Job Candidates During an Interview

A business is only as good as the employees who work for it. Regardless of the industry or niche, all businesses require a group of strong, loyal and dedicated employees to succeed. This is why it’s important for employers to ask the right questions during a job interview. Doing so will allow employers to separate the good candidates from…

How to Craft a Mission Statement for your Small Business

Does your small business have a clear, well-defined mission statement? If not, it should! According to Gallup, having a mission benefits small businesses in several different ways, such as boosting loyalty, fostering customer engagement, improving strategic alignment, and more. But how exactly do you create a mission statement? Purpose of a Mission Statement The purpose…

Commonly Overlooked Tax Write-Offs for Small Businesses

In case you didn’t get the memo, tax day is right around the corner. This year (2016), the Internal Revenue Service has placed a filing deadline of April 16, after which all returns will be considered late. If you’re a small business owner, you should use this time to double-check your financial documents to ensure…

Top 5 Benefits of Incorporating Your Business

While there’s no rule stating that you must incorporate your business, doing so offers several key benefits. If you currently operate your business as a sole proprietorship or under a general partnership, transitioning to a limited liability company (LLC) or corporation can prove well worth the minimal investment of your time and resources. To learn…

Selecting the Right Legal Structure for Your Business

If you’re thinking about starting your own business, you’ll need to choose an appropriate legal structure. Far too many entrepreneurs neglect this otherwise critical step, resulting in higher taxes, more paperwork, and less protection of personal assets. Today, we’re going to take a closer look at some of the most common legal structures for businesses,…

Business 101 – Identify and Focus on Your Target Market

Part of running a successful business is matching your products or service with the right audience. If you operate a wedding dress boutique, for instance, you’ll want to focus your marketing efforts on newly engaged women, simply because this demographic is most likely to purchase your products. By identifying your “target market,” you’ll have an…

Polio, World War II, the Academy Awards, and Business Financing

“What on Earth can financing of a worthwhile Project possibly have to do with Polio, World War II and the Academy Awards?” Occasionally, Intrepid will receive a business plan that is genuinely inspired but – for some reason – the timing for the Project just isn’t quite right. Perhaps the technology to make the concept…